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Folding Furniture Market in the US 2015-2019

Folding Furniture Market in the US 2015-2019

About Folding Furniture

Quality, functionality, and aesthetic appeal are some of the major areas of focus in modern day furniture. Due to maintenance costs and other associated costs, people prefer living in small houses. This leads to preference for folding furniture, as they can be folded and tucked away when not in use. Apart from being multifunctional, they also enhance the decor.

Technavio's analysts forecast the folding furniture market to grow at a CAGR of 6.47% during the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the folding furniture market in the US for the period 2015-2019. To calculate the market size, the report takes into consideration the revenue generated from sales of folding furniture in the residential market. The report considers revenue generated from the following segments of the market:

  • Living room furniture (sofa sets, tables, chairs, entertainment centers, side tables, shelves, and other decorative furniture)
  • Bedroom furniture (beds, sofa sets, dressing tables, wardrobes, and study tables)
  • Home office furniture (office tables and chairs)
  • Others (furniture used in kitchens, dining rooms, and bathrooms)
The report also presents the vendor landscape and a corresponding detailed analysis of the top three vendors in the folding furniture market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.

Key Vendors
  • Dorel Industries
  • Lifetime Products
  • Meco
Other Prominent Vendors
  • Ashley Furniture Industries
  • Expand Furniture
  • Haworth
  • IKEA
  • La-Z-Boy
  • Leggett & Platt
  • Murphy Bed Direct
  • Resource Furniture
Market Driver
  • Growth in Home Furniture Market
  • For a full, detailed list, view our report
Market Challenge
  • Shortage of Labor
  • For a full, detailed list, view our report
Market Trend
  • Bookniture
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Folding Furniture Market in the US 2015- 2019

Technavio recognizes the following companies as the key players in the Folding Furniture Market in the US: Dorel Industries, Lifetime Products and Meco

Other Prominent Vendors in the market are: Ashley Furniture Industries, Expand Furniture, Haworth, IKEA, La-Z-Boy, Leggett & Platt, Murphy Bed Direct and Resource Furniture

Commenting on the report, an analyst from Technavio’s team said: “The demographic and psychographic indicators of consumers have changed significantly over the past few years. The increased penetration of wireless broadband Internet, high adoption of smartphones and tablets, and the increased use of social media have provided consumers with access to information on the go. This has helped consumers make informed purchasing decisions; consumers prefer using digital media and devices to obtain detailed information about various products. Digital media also offers more in terms of product choices. In addition, product and service providers use digital media to enhance the customer experience. Smart, wearable technologies have enabled consumers to gain information about various products and services to enhance their purchase decisions. Thus, consumers are becoming more tech-savvy and dependent on technical devices in their day-to-day lives. The influence of digital consumerism on folding furniture retail sales is increasing. The exhibit below depicts the increased influence of the Internet on end-users' buying patterns.”

According to the report, furniture purchases are largely dependent on people's financial capacity. Similarly, the furnishing market is dependent on the housing market. Furniture and housing are considered discretionary products, the purchase of which is dependent on a person's disposable income. The US home furniture and furnishings market was in a turmoil after the 2008-2009 economic recession. During the recession, there were layoffs and tighter budgets; hence, people did not spend money on houses or furniture. However, the economy is now stabilizing and the spending capacity of end-users has increased. End-users are buying new houses, and this in turn is fueling the demand for home furniture. As traditional furniture is static and bulky, occupying a lot of space, people are starting to prefer folding furniture, thus propelling the growth of the folding furniture market in the US.

Further, the report states that fluctuations in the cost of raw materials and assembly components for making furniture is curtailing market growth.

Companies Mentioned

Dorel Industries, Lifetime Products, Meco, Ashley Furniture Industries, Expand Furniture, Haworth, IKEA, La-Z-Boy, Leggett & Platt, Murphy Bed Direct, Resource Furniture

  • Executive Summary
  • Scope of the Report
    • Market Overview
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
  • Economic Overview: US
    • Table GDP in US 2009-2014 ($ trillions)
    • Table GDP Per Capita in US 2009-2014 ($)
    • Table Consumer Price Index in US 2009-2014
    • Table Average Per Capita Disposable Income in US 2009-2014 ($)
  • Furniture Market in US: An Overview
    • Table In-Store Sales of Furniture and Home Furnishings in US 2009-2014 ($ billions)
    • Table Segmentation of Furniture, Home Décor, and Lighting Products Market in US by Product 2014
    • Table Online Sales of Furniture in US 2014
  • Market Landscape
    • Home Furniture Market in US: Overview
      • Table Increase in Overall Personal Disposable Income in US Q1 2013 to Q4 2015 ($ billions)
      • Market Size and Forecast
        • Table Home Furniture Market in US 2014-2019 ($ billions)
    • Folding Furniture Market in US: Overview
      • Market Size and Forecast
        • Table Folding Furniture Market in US 2014-2019 ($ millions)
    • Five Forces Analysis
  • Market Segmentation by Product
    • Folding Furniture Market in US by Product
      • Table Segmentation of Folding Furniture Market in US by Product 2014-2019 ($ millions)
      • Table Segmentation of Folding Furniture Market in US by Product 2014-2019
    • Folding Living Room Furniture Market in US
      • Market Size and Forecast
        • Table Folding Living Room Furniture Market in US 2014-2019 ($ millions)
    • Folding Bedroom Furniture Market in US
      • Market Size and Forecast
        • Table Folding Bedroom Furniture Market in US ($ millions)
    • Folding Home Office Furniture Market in US
      • Market Size and Forecast
        • Table Folding Home Office Furniture Market in US 2014-2019 ($ millions)
    • Folding Furniture Market in US by Others
      • Market Size and Forecast
        • Table Folding Furniture Market in US by Others 2014-2019 ($ millions)
        • Table Folding Furniture Market in US by Product 2014-2019 ($ millions)
        • Table Folding Furniture Market in US by Product 2014-2019
  • Distribution Channel
    • Table Folding Furniture Market in US by Distribution Channel 2014
  • Buying Criteria
  • Market Growth Drivers
    • Table Growth of Home Furniture Market in US from 2014-2019 ($ billions)
    • Table New and Existing Home Sales in US 2010-2014 (thousands of units)
    • Table Population Growth in US 2006-2014 (millions of people)
  • Drivers and Their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
    • Table Effect of Digital Consumerism: Comparison of Web-Influenced Offline, Offline-Only, and Online Retail Sales 2006-2019
    • Table Cost Comparison: Tiny House versus Normal House
  • Trends and Their Impact
  • Vendor Landscape
    • Competitive Scenario
    • Market Vendor Analysis 2014
    • Other Prominent Vendors
  • Key Vendor Analysis
    • Dorel Industries
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Dorel Industries: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Dorel Industries: Business Segmentation by Revenue 2012 and 2013 ($ millions)
      • Geographical Segmentation by Revenue 2013
        • Table Dorel Industries: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Lifetime Products
      • Key Facts
      • Business Overview
        • Table Lifetime Products: Product Segmentation
      • Recent Developments
      • SWOT Analysis
    • Meco Furniture
      • Key Facts
      • Business Overview
      • Recent Developments
      • SWOT Analysis
  • Other Prominent Vendors
    • Ashley Furniture Industries
    • Expand Furniture
    • Haworth
    • IKEA
    • La-Z-Boy
    • Leggett & Platt
    • Murphy Beds Direct
    • Resource Furniture
  • Other Reports in This Series

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